ABC Inc. Issued $1,000 par value corporate bonds 5 years ago. The original term (life) of the bonds is stated as 15 years. The bonds have a 7% coupon (contract) interest rate and pay interest semi-annually, A. The bonds are being sold today. The purchaser requires a 6% yleld to maturity. What is the price of the bonds with today's sale? B. Provide a specifc reason that might justify the sale price. Why does your reason cause the sale price to move in the direction that you indicated? C. Five years later the bonds sell for a price that provides a yleld to maturity of 4%. What is that price? D. Describe the relationshp between bond prices and changes in required rates of return